Rockville, MD-based SolaREIT, a solar real estate investment fund, has closed on a $100-million securitization of solar leases with Nuveen. The expansion will increase access to low-cost capital in the commercial and mid-sized solar development sector, including community solar.

SolaREIT’s land financing options allow landowners to receive solar lease payments immediately, which expands financial flexibility and access to capital for both solar developers and landowners. 

“This deal is an important step in creating the financial flexibility that allows solar to be a smart investment decision for real estate owners,” said Chris Miller, managing director at Nuveen. “The mid-sized and commercial solar sector has been underserved for years but holds tremendous promise. Increasing capital flexibility into this segment can have a significant impact on the market growth of solar, and ESG focused investments such as SolaREIT can help create value for our clients today and preserve value for tomorrow’s world.”